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whores like mitt romney over there brain capital or steve schwarzman at blackstone they're just asset stripping whores they add no value to a matter of fact the people who participate these guys in their deals they lose money compared to the market averages overall they're all losers stephen schwarzman has said recently that he was quote concerned about politically motivated attacks on private equity if mitt romney founder of bain capital becomes the republican nominee for president well user on max keiser dot com like i said information is available online and this is why the likes of stephen schwarzman christopher dodd barack obama want to shut down the internet so are you certain named user two three two three says quote in much the same way should we be concerned about politically motivated rewards to private equity if mitt romney founder of bain capital becomes the republican nominee for president but if mitt romney becomes a republican nominee me it's like shining a light on all these cockroaches like steve schwarzman and they don't want to be out in the light they want to be in
whores like mitt romney over there brain capital or steve schwarzman at blackstone they're just asset stripping whores they add no value to a matter of fact the people who participate these guys in their deals they lose money compared to the market averages overall they're all losers stephen schwarzman has said recently that he was quote concerned about politically motivated attacks on private equity if mitt romney founder of bain capital becomes the republican nominee for president well user...
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May 11, 2012
05/12
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john blackstone reports. staff sergeant jeremy coonny returns from the war and can't believe the miracle waiting for him. and on the road, steve hartman with a teacher who is lifting kids out of poverty by reaching for the stars. (cheers and applause) captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the lessons of the great recession didn't last long. tonight the nation's largest bank and one of the nation's biggest energy companies are both reeling. reckless investments in one case questionable management in the other. j.p. morgan chase said yesterday that it lost at least $2 billion in investments it called "egregious." today j.p. morgan lost $14 billion in stock value. chesapeake energy lost $1 billion of its stock value today in 46 minutes as questions mount about its business practices. we have two reports. first anthony mason on j.p. morgan chase. >> reporter: the losses for j.p. morgan chase continued today, this time to its stock price which tumble
john blackstone reports. staff sergeant jeremy coonny returns from the war and can't believe the miracle waiting for him. and on the road, steve hartman with a teacher who is lifting kids out of poverty by reaching for the stars. (cheers and applause) captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the lessons of the great recession didn't last long. tonight the nation's largest bank and one of the nation's biggest energy...
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Jun 26, 2012
06/12
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sea world is a portfolio company of blackstone. i didn't know you liked penguins so much. >> absolutely. >> how is business? >> business is very good, michelle, thank you. we had a tremendous year last year, came off a record year, our ebitda up and attendance up 5 and we're following a fairly pattern this year. >> you're describing all of the new things, new roller coasters in san diego and tampa, turtle theater, on and on. do you live in an arms race when it comes to theme parks to get people to come? >> sure, the markets we operate in orlando, southern california -- >> very competitive. >> very competitive. we're always raising the bar on what we offer our guests. we try to make sure we create new product that's immersive and gets guests entertained and learns a little bit along the way. >> the consumers are still coming out. is there any sluggishness, are there areas regionally that you're paying attention to or anxious about, doing better in certain places? >> sure, good comment, andrew. one of the advantages we have is a bit
sea world is a portfolio company of blackstone. i didn't know you liked penguins so much. >> absolutely. >> how is business? >> business is very good, michelle, thank you. we had a tremendous year last year, came off a record year, our ebitda up and attendance up 5 and we're following a fairly pattern this year. >> you're describing all of the new things, new roller coasters in san diego and tampa, turtle theater, on and on. do you live in an arms race when it comes to...
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Aug 21, 2012
08/12
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bullish case for the s&p rally, byron wien of blackstone gives us his argument. he called the move. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all ] i'm with scottrade. >>> welcome back. big strength in financials. jpmorgan, citi, up 3%. you can see right there pretty nice gains there. what do you think? >> yeah. some of the regional bank names i suggested in the past, tcbi, names like that, taking profit on here. what i have done personally is rolled out of the individual financial names. just want that broad exposure. still think they could go higher. in the near term you may see selling pressure. >> you had gotten back into jpmorgan. still there? >> still there. to me this is part of
bullish case for the s&p rally, byron wien of blackstone gives us his argument. he called the move. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder...
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Dec 8, 2012
12/12
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john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple households in olerica today. most states-- 38-- ban same-sex marriages. nine states and the district of ges.mbia allow them. s a cbs news poll last month, just over half of americans, 51%, told us they think same-sex marriage should be legal. it said it should not. exlot of economists were expecting a lousy jobs report today and boy were they surprised. the economy created 146,000 jobs in november. not great, but a lot better than expected. the unemployment rate dropped stlytenths of a point to 7.7%. that's not quite as good as it sounds because it was mostly people who gave up looking for work and were dropped from the count. what does all of this mean to the recovery? here's ant
john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple households in olerica today. most states-- 38-- ban same-sex marriages. nine states and the district of ges.mbia...
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Nov 16, 2012
11/12
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john blackstone takes a look. >> reporter: the panic buying was on at hostess stores. in los angeles -- >> had to get here to get twinkies, but they're out of twinkies. >> reporter: chicago saw a run on ding-dongs and devil dogs. >> when you have that late night sweet tooth, this satisfies it. this will cure it. >> reporter: in northern california, jeff yeelit was after sno-balls and wonder bread. >> i grew up eating these but my kids haven't. so i said if they're going out of business they have to at least try them. >> it's twinkie the kid! >> wow! howdy partners! come on to hostess twinkie town. >> reporter: hostess was a lunchbox favorite for decades but the company ran into trouble as consumers-- mostly parents-- moved to low fat and low carb treats. in 2009, hostess was taken over by a private equity firm and two hedge funds. greg rayburn is the hostess c.e.o. >> the demand is there for the products. the problem is you have to make them at a profit. >> reporter: this week, the bakers union went on strike when hostess asked for another cut in wages and benefits. ma
john blackstone takes a look. >> reporter: the panic buying was on at hostess stores. in los angeles -- >> had to get here to get twinkies, but they're out of twinkies. >> reporter: chicago saw a run on ding-dongs and devil dogs. >> when you have that late night sweet tooth, this satisfies it. this will cure it. >> reporter: in northern california, jeff yeelit was after sno-balls and wonder bread. >> i grew up eating these but my kids haven't. so i said if...
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Feb 17, 2012
02/12
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john blackstone on google secretly trailing iphone users web site to web site. and steve hartman "on the road." it could have been road rage. >> my immediate reaction was like what the heck are you doing? >> but he took a very different turn. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. if a terror suspect had carried out his alleged mission today, we would be starting to want with a suicide bombing at the seat of the united states government. instead, we begin with the story of how federal agents arrested that man today. on his way, apparently, to the u.s. capitol where the f.b.i. says he was out to kill as many people as possible. undercover f.b.i. agents were on to him from the start and we begin our coverage tonight with chip reid at the capital. chip? >> reporter: good evening, scott, the suspect is a citizen of morocco. he's been in the united states illegally for years. law enforcement sources say he came here today with the intention of conducting a suicide attack. the suspect was arrested this mo
john blackstone on google secretly trailing iphone users web site to web site. and steve hartman "on the road." it could have been road rage. >> my immediate reaction was like what the heck are you doing? >> but he took a very different turn. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. if a terror suspect had carried out his alleged mission today, we would be starting to want with a suicide bombing...
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Dec 29, 2012
12/12
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john blackstone, cbs news, in the napa valley. >> glor: and that is not all. apart from the fiscal cliff febate, some other laws are due to expire january 1, and that could cost americans plenty. ar starters, the payroll tax break will end. illial security taxes will go from 4.2% back to 6.2%. if the farm bill is allowed to expire, it is feared milk prices could rise sharply. hundreds of american families famiheartbroken tonight after russian president vladimir putin banned all adoption of russian children by americans. it is believed to be retaliation for a new u.s. law that targets human rights abuses in russia. in the past two decades, more , mo 60,000 russian children have been given new homes inside the u.s. it elaine quijano met one family whose adoption is now on hold. >> look at this. look. >> reporter: two years ago kim and robert summers decided to adopt from russia. it took nearly 18 months, but last july, the couple was matched with a 15-month-old boy. enen you saw his picture for the first time, what did you think? k i knew that this was the child
john blackstone, cbs news, in the napa valley. >> glor: and that is not all. apart from the fiscal cliff febate, some other laws are due to expire january 1, and that could cost americans plenty. ar starters, the payroll tax break will end. illial security taxes will go from 4.2% back to 6.2%. if the farm bill is allowed to expire, it is feared milk prices could rise sharply. hundreds of american families famiheartbroken tonight after russian president vladimir putin banned all adoption...
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May 11, 2012
05/12
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john blackstone, cbs news, merced, california. >> pelley: there are no money troubles in the presidential race. last night president obama raised a record $15 million at a fund-raiser at the los angeles home of actor george clooney. the hollywood crowd cheered when the president spoke about his decision this week to support same-sex marriage and in a new gallup poll 60% of americans said the president's position on that issue will make no difference in how they vote. john dickerson is in washington. he is our cbs news political director. john, i wonder, what do you make of the gallup poll? >> people, scott, at that fund-raiser described et it as buoyant and uplifting in conversations today but in the rest of the country it's not necessarily as monumental an issue as it was for that audience. in that poll people largely registered their opinion along party lines but among independents 23 said the president's decision would make them less likely to vote for president obama. 11% said they would be more likely. so obama's same-sex marriage position could cost him so independent and a very sma
john blackstone, cbs news, merced, california. >> pelley: there are no money troubles in the presidential race. last night president obama raised a record $15 million at a fund-raiser at the los angeles home of actor george clooney. the hollywood crowd cheered when the president spoke about his decision this week to support same-sex marriage and in a new gallup poll 60% of americans said the president's position on that issue will make no difference in how they vote. john dickerson is in...
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Jan 21, 2012
01/12
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john blackstone at the scene of a fast-moving wildfire near reno. it's already destroyed dozens of homes. alan pizzey reports a new danger in the search for victims of the italian cruise ship disaster. and steve hartman on the road with a refreshing politician, one with absolutely no political aspirations. >> we're here to talk about your political career. >> oh. >> reporter: you don't seem too excited about that. >> no. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. we are hours away from the first primary there the south, south carolina, and it's turning out to be a more critical battle for the g.o.p. nomination than anyone might have imagined. have a look at what just happened. in the latest preprimary poll out today, newt gingrich has passed longtime front-runner mitt romney. gingrich now holds a six-point lead, 32% to 26%. we have a team of campaign 2012 correspondents covering the south carolina primary. first, dean reynolds is in orangeburg with the gingrich campaign. dean? >> reporter:
john blackstone at the scene of a fast-moving wildfire near reno. it's already destroyed dozens of homes. alan pizzey reports a new danger in the search for victims of the italian cruise ship disaster. and steve hartman on the road with a refreshing politician, one with absolutely no political aspirations. >> we're here to talk about your political career. >> oh. >> reporter: you don't seem too excited about that. >> no. captioning sponsored by cbs this is the "cbs...
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Sep 8, 2012
09/12
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john blackstone on a historic fire season. breaking the bank and texting the firefighters. and steve hartman "on the road." an unusual request gets a surprising response. >> i've got two of them and i only need one. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. reporting tonight from charlotte, north carolina. >> pelley: good evening. the glow of president obama's renomination in this city last night was eclipsed today by another bad jobs report. the labor department told us the economy created fewer jobs than expected in august-- just 96,000. average monthly job creation so far this year is 139,000, and that's down from 153,000 last year. the unemployment rate in august fell two-tenths of a point to 8.1%, but that's only because more people gave up looking and even though they don't have jobs they are no longer counted as the unemployed. anthony mason has been digging into this. >> reporter: two years after he was laid off 0, 30-year-old michael vaupel finally got a full-time job in august, working as a security guard at a florida racetrack.
john blackstone on a historic fire season. breaking the bank and texting the firefighters. and steve hartman "on the road." an unusual request gets a surprising response. >> i've got two of them and i only need one. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. reporting tonight from charlotte, north carolina. >> pelley: good evening. the glow of president obama's renomination in this city last night was eclipsed today by another...
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Apr 28, 2012
04/12
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headed this election year. 20 years after the beating of rodney king and the riots that followed, john blackstone looks at how los angeles has changed. and "on the road," charles kuralt and steve hartman take us to a cadillac plant. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> schieffer: good evening, scott's off tonight, i'm bob schieffer. well, another shoe has dropped in the sex and the secret service scandal. the agency issued and internal memo today ordering new training, stricter rules on the use of alcohol, and assigning monitors from the services office of professional responsibility to accompany future advance teams of agents who go to foreign countries to prepare for presidential visits. all this after the recent debacle in colombia in which a group of agents lost their jobs after becoming involved with prostitutes. our norah o'donnell broke the story earlier today. norah? >> reporter: bob, this is it. this is the memo that was sent to all secret service employees just a few hours ago, and it starts off by reminding employees of the secret service val
headed this election year. 20 years after the beating of rodney king and the riots that followed, john blackstone looks at how los angeles has changed. and "on the road," charles kuralt and steve hartman take us to a cadillac plant. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> schieffer: good evening, scott's off tonight, i'm bob schieffer. well, another shoe has dropped in the sex and the secret service scandal. the agency issued...
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Dec 12, 2012
12/12
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one is tony james of blackstone. what do you think? >> tony would be terrific. he's a terrific guy. >> he's your partner. >> that would be terrible for us, for sure. it's the last thing i would want. >> what do you think the chances are? have you heard anything? making phone calls? he doesn't confide in you? >> i have no idea about that. i think that the probability is that it would be somebody who is dealing with these types of complex issues, because i don't think they'll all get resolved. that means whether it's an insider, like a jack lew. >> would he be good enough? >> it's not my call. guys like irskin, there are people who have dealt on a regular basis with the congress, given the complexity of these issues, that would be a more logical call. >> thank you for joining us. appreciate it. i will send it back to the studio. >> thanks, andrew. don't be a stranger, steve. would you tell him that, andrew, for me, please? >> he will come on all the time. >> hopefully i don't look too strange, joe. >> no, i don't mean you lo look -- new jersey's not that far. i do
one is tony james of blackstone. what do you think? >> tony would be terrific. he's a terrific guy. >> he's your partner. >> that would be terrible for us, for sure. it's the last thing i would want. >> what do you think the chances are? have you heard anything? making phone calls? he doesn't confide in you? >> i have no idea about that. i think that the probability is that it would be somebody who is dealing with these types of complex issues, because i don't...
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May 4, 2012
05/12
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and blackstone going to approach other private equity. blackstone is a viable option there. and they're definitely getting a pop out of it. if we can take a quick look at that chart as well, they went from negative to positive territory. sue, back to you. >> in an otherwise down day too, brian, thank you very much. speaking of down days, yahoo! shares under a lot of pressure today. hedge fund third point demanding yahoo!'s ceo step down after questions about his educational qualifications. the stock is down better than 1% at $15.22. it has lost a lot of ground this week. jon fortt has the very latest on the situation. jon, over to you. >> sue, not just scott thompson, also board member patty also has a degree in business administration and said she had a couple of other degrees she seems not to have. silicon valley has been abuzz about this. also because apparently three years ago scott thompson did a radio interview in which he talked about having two degrees. so no deniability there left for him as far as that goes. yahoo! has put out a couple different statements. one yes
and blackstone going to approach other private equity. blackstone is a viable option there. and they're definitely getting a pop out of it. if we can take a quick look at that chart as well, they went from negative to positive territory. sue, back to you. >> in an otherwise down day too, brian, thank you very much. speaking of down days, yahoo! shares under a lot of pressure today. hedge fund third point demanding yahoo!'s ceo step down after questions about his educational...
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Mar 15, 2012
03/12
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so what other energy opportunities are in bla blackstone's sight? we'd love to hear, david foley because we're worried about natural gas and when prices get too cheap it's the greatest thing we have and now doesn't make sense to look at it. >> the nice thing about prices being cheap, that will create additional demand and as an investor at black stone we've been focused on oil for the last few years, inside the u.s. and eaglesford and overseas in africa, one of our companies made $1 billion a barrel discovery and with gas prices so low and the forward curve collapsing as well we look at natural gas related investments in north america. we don't think it's too late. it's probably just getting started in terms of finding some bargains. >> does it take a while? how long are we really talking before you can ramp up the actual demand on natural gas to get some of those prices to come back? >> it will take a bit, becky, but i think you've already seen industrial demand, petra chemical come back in demand. over the years it was declining, flat natural cons
so what other energy opportunities are in bla blackstone's sight? we'd love to hear, david foley because we're worried about natural gas and when prices get too cheap it's the greatest thing we have and now doesn't make sense to look at it. >> the nice thing about prices being cheap, that will create additional demand and as an investor at black stone we've been focused on oil for the last few years, inside the u.s. and eaglesford and overseas in africa, one of our companies made $1...
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May 18, 2012
05/12
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john blackstone has the story of the overnight millionaires spreading the wealth. >> reporter: the employees at facebook's silicon valley headquarters were not the only ones celebrating in the region around menlo park, california. william collick is certain at least a few of the newly rich will be dropping by his luxury car dealership to try out lam boalamahasan boar genie models n cost more than $380,000. >> we're excited and congratulations to those involved in the facebook i.p.o. and we're here to help in any way possible. >> reporter: ken deleon drives a $100,000 plus aston martin. he doesn't work for facebook, he's a real estate agent who's profitd from the sale of homes to a few of facebook's fortunate employees. 20-year-old moving into a $5, $6 million home? >> i had... one of my clients was in an 800 square foot apartment, moved into an 8,000 square foot home. the movers literally asked him "did you win the lottery." >> reporter: it's estimated today's stock sale made 1,000 facebook employees millionaires. but de leone says facebook workers, like many in the tech industry, don't flau
john blackstone has the story of the overnight millionaires spreading the wealth. >> reporter: the employees at facebook's silicon valley headquarters were not the only ones celebrating in the region around menlo park, california. william collick is certain at least a few of the newly rich will be dropping by his luxury car dealership to try out lam boalamahasan boar genie models n cost more than $380,000. >> we're excited and congratulations to those involved in the facebook i.p.o....
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May 3, 2012
05/12
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blackstone. kkr, apollo, now carlyle, none of which have been good performers. >> and the big piece in "fortune" this morning about how difficult it is to value these offerings, blackstone among them. do you go off management's fees, performance fees? in "fortune's" view, there is value in what carlyle is doing, despite the debate about whether they priced lower because there was a lack of interest or they wanted to do it for the long term. >> and they are giving themselves a pretty nice market value regardless of where it prices. take a look at blackstone. probably still the cream of the crop in some ways in terms of assets management because they have actually built out significant businesses aside from private equity, whether it be real estate, which is partially private equity or distressed or even investment banking in terms of their advisory work they do on m&a. blackstone. and just pure money management, blackstone has shown itself to be a significant alternative asset manager. >> a notabl
blackstone. kkr, apollo, now carlyle, none of which have been good performers. >> and the big piece in "fortune" this morning about how difficult it is to value these offerings, blackstone among them. do you go off management's fees, performance fees? in "fortune's" view, there is value in what carlyle is doing, despite the debate about whether they priced lower because there was a lack of interest or they wanted to do it for the long term. >> and they are giving...
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May 3, 2012
05/12
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blackstone came to the market first. they had a nice price up around $38. they've suffered the most. however, with carlyle today there's a lot of moving parts because each one a different entity. blackrock -- >> it's a money management company. >> they are. but at the end of the day blk is something you need in your portfolio. the management there, the leadership, i think those guys and gals are great over there. and i think blk is the favorite by far. i don't know enough about apollo, but they've kind of been a laggard here, so i'm kind of down on apollo, but i'm all in on blk, blackrock. >> biggest asset manager in the world. >> just getting bigger, ty. >> jeff, thanks very much. sue. >> ty, up next, forbes' top venture capitalists, 80% of them all came from one school. and it ain't harvard. stay tuned for that one. and wait until you hear what michael dell tweeted today. more "power lunch" coming up in two minutes' time. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympi
blackstone came to the market first. they had a nice price up around $38. they've suffered the most. however, with carlyle today there's a lot of moving parts because each one a different entity. blackrock -- >> it's a money management company. >> they are. but at the end of the day blk is something you need in your portfolio. the management there, the leadership, i think those guys and gals are great over there. and i think blk is the favorite by far. i don't know enough about...
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Feb 18, 2012
02/12
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john blackstone spoke with the man who uncovered what google was doing. >> reporter: jonathan meyer, a grad student at stanford university was doing research on internet privacy when he discovered the computer code that let google bypass user .rivacy settings. >> the list goes on and on. >> reporter: and if you went to these sites and thought you were there privately, you weren't. >> that's right. >> reporter: most iphone and ipad users access the interneat through apple's safari browser which automatically sets up a bareier to keep out tracking programs from third-party advertisers. google found a way to secretly ,et through that barrier, letting the advertisers flow in and tracking information flow out. >> the technology we were looking at involves taking what google learns from organizing your information and using that to enrich their advertising content on non-google web sites. >> reporter: google's slogan: do no evil. is this evil? >> i think it raises questions about evil. i hesitate to give a bright line response on the evil or not. i think if evil includes negligence or gros
john blackstone spoke with the man who uncovered what google was doing. >> reporter: jonathan meyer, a grad student at stanford university was doing research on internet privacy when he discovered the computer code that let google bypass user .rivacy settings. >> the list goes on and on. >> reporter: and if you went to these sites and thought you were there privately, you weren't. >> that's right. >> reporter: most iphone and ipad users access the interneat through...
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Oct 16, 2012
10/12
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for more we're joined by byron wien of blackstone. good to see you. > good to be here. >> your thoughts on citi -- you don't own any shares of citi, correct? >> i do not. >> okay, your thoughts on what's happened in the last 24 hours? >> that's a big surprise to me. as you know, i worked with both vikram and john havens for 20 years at morgan stanley. this seems like a very abrupt change. usually a major institution like that announces a change and it takes place over a period of time. to have it take place instantaneously is quite a shock to the investment community and to me personally. >> as an investment adviser is citigroup just like i asked last block is it more of a buy today than it was yesterday? >> i have no opinion on that. >> because you don't want to say anything bad about a guy you knew for a long time. >> no, i only have good things to say about vikram. he took that bank from the brink and brought it back. you know, i've worked with him closely. he's a very competent person. >> okay. >> i don't know what happened here.
for more we're joined by byron wien of blackstone. good to see you. > good to be here. >> your thoughts on citi -- you don't own any shares of citi, correct? >> i do not. >> okay, your thoughts on what's happened in the last 24 hours? >> that's a big surprise to me. as you know, i worked with both vikram and john havens for 20 years at morgan stanley. this seems like a very abrupt change. usually a major institution like that announces a change and it takes place over...
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Feb 9, 2012
02/12
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byron wien our guest, vice chairman of blackstone. we have green arrows and good news from pepsi and transitional year, con how people are going to be taking that, we should look at that in a little bit. >> the futures improving a little bit, marginally. let's continue what andrew was saying about the pepsi earnings, eps of 115 versus analyst expectations of 113. there is always a but, the can. is aannouncing it will cut 8,700 jobs, that's about 3% of its global workforce. pepsi chairman and, krerks o indra nooyi spoke to us in the last hour about those job cuts. >> these 8,700 people are going to come from 30 countries across the world and it's really going to be spread out, and the most important thing to keep in mind in any one year on a net basis, pepsico hires maybe 10,000, 15,000 people on a net basis, and even though we're going to be laying off 8,700 people as a company overall, pepsico will be hiring people globally, because we have many markets with growth in the mid teens and low 20s. >> nooyi also said the north american b
byron wien our guest, vice chairman of blackstone. we have green arrows and good news from pepsi and transitional year, con how people are going to be taking that, we should look at that in a little bit. >> the futures improving a little bit, marginally. let's continue what andrew was saying about the pepsi earnings, eps of 115 versus analyst expectations of 113. there is always a but, the can. is aannouncing it will cut 8,700 jobs, that's about 3% of its global workforce. pepsi chairman...
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Jan 21, 2012
01/12
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WJZ
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we sent john blackstone to the fireline. >> reporter: thick smoke in the air was the first sign that a quiet afternoon was about to become terrifying. a wall of flames stoked by 80-mile-per-hour winds raced out of the mountains and into reno's suburbs. janice skenesio was work out when she smelled smoke. and the wind sort of blowing it, dropping it? >> it was going in all directions. it was coming one way and then it would go this way. it is popping from one area to the next. >> reporter: how scary was that? >> it was terrible. i didn't know what to do. >> reporter: she rushed to pack photograph into her car, and sheriffs deputies ordered an evacuation. how fast did they say get out of here? >> 15 minutes. i mean, five minutes. she kept pushing me. i threw the dog in the car, and she was yelling at me down the street, "you have to leave! you have to leave!" >> reporter: the fire was moving fast toward diane donaldson's neighborhood as she was hurring to get home. >> i got more and more panicked the farther i drove. >> reporter: she was worried about her husband and the horse. he got
we sent john blackstone to the fireline. >> reporter: thick smoke in the air was the first sign that a quiet afternoon was about to become terrifying. a wall of flames stoked by 80-mile-per-hour winds raced out of the mountains and into reno's suburbs. janice skenesio was work out when she smelled smoke. and the wind sort of blowing it, dropping it? >> it was going in all directions. it was coming one way and then it would go this way. it is popping from one area to the next....
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70
Jun 5, 2012
06/12
by
CNBC
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. >> blackstone to me is drubed. goldman sachs just put it on the conviction buy list. i think the stock sold off sufficiently enough where if you want exposure to space, blackstone sets up well. the world that we're going to be in soon lends its self to everything that blockstone does. >> coming up, socially awkward social media stocks. are there any worth buying? plus, can the old guard of gaming take on the new social gamers? we have that trade coming up. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> >>> in a world of near zero returns, we're looking for the best high yield trades. pete, you have a stock for us in the in touz
. >> blackstone to me is drubed. goldman sachs just put it on the conviction buy list. i think the stock sold off sufficiently enough where if you want exposure to space, blackstone sets up well. the world that we're going to be in soon lends its self to everything that blockstone does. >> coming up, socially awkward social media stocks. are there any worth buying? plus, can the old guard of gaming take on the new social gamers? we have that trade coming up. sometimes investing...
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Nov 1, 2012
11/12
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CNBC
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advanced auto parts has hired blackstone to explore a possible sale of the company. that's according to sources. you can see all the other auto parts companies also moving up on that as well. guys, back to you. >> all right. thanks so much, bob. we're in the final stretch here. 40 minutes until the closing bell sounds for the day. you just saw the market. it is near the highs of the day. technology leading, up 42 on the nasdaq, bill. >> well, stores throughout the northeast have been shut down because of sandy. when we come back, we'll look at whether a discounter like target or a luxury retailer like sachs is more likely to come out of this disaster unscathed. >>> also a, the new york city marathon will go on this sunday despite widespread damage throughout the area. coming up, donald trump is going to weigh in on whether the city's valuable resources should be diverted from the recovery to the marathon. >>> and as we head to the break here, here's a sobering before and after shot of the damage in seaside heights, new jersey. perhaps one of the hardest hit if no the
advanced auto parts has hired blackstone to explore a possible sale of the company. that's according to sources. you can see all the other auto parts companies also moving up on that as well. guys, back to you. >> all right. thanks so much, bob. we're in the final stretch here. 40 minutes until the closing bell sounds for the day. you just saw the market. it is near the highs of the day. technology leading, up 42 on the nasdaq, bill. >> well, stores throughout the northeast have...
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528
Dec 1, 2012
12/12
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KPIX
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here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the activity going through this port. >> reporter: the ports are clogged with 16 ships waiting to be unloaded. another six are anchored off the coast. >> if the ships are not working, the truckers are not working, the warehouse people are not working. it will ripple through the supply chain. >> reporter: it doesn't take much of a delay to cause problems for people. >> no. a very short delay will -- can mean that stores may not get a shipment the day that they expect it for their sale. >> reporter: the striking workers handle all the paperwork that gets cargo from the port to the
here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the...
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Mar 30, 2012
03/12
by
WJZ
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john blackstone is at a johnstand in los angeles. john? >> reporter: hi, scott. well, that $640 million has brought a steady stream of buyers into buyers into this lottery ticket shop in los angeles. here they've sold more than 6,000 tickets today alone and across the across the country today americans have spent about $100 million million buying lottery tickets. a third of those tickets have been bought here in california. >> thank you, good luck. >> reporter: as the jackpot goads up, the lines get longer and people like danielle evans from orange county, california, decide it's time to jump in. >> it's the largest one in the world. how can you not play? and it's so much and it's so much fun because serve so excited about it and everybody's talking about what they would do if they won. >> reporter: crowds from nevada-- one of eight states that that don't participate in megamillions-- have been crossing into california, waiting for hours to get in on the the action. the jackpot has been growing since the end of january. the last time there was a megamillions winn
john blackstone is at a johnstand in los angeles. john? >> reporter: hi, scott. well, that $640 million has brought a steady stream of buyers into buyers into this lottery ticket shop in los angeles. here they've sold more than 6,000 tickets today alone and across the across the country today americans have spent about $100 million million buying lottery tickets. a third of those tickets have been bought here in california. >> thank you, good luck. >> reporter: as the jackpot...
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Jul 24, 2012
07/12
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CNBC
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Apr 27, 2012
04/12
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WJZ
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john blackstone covered the riots in 1992 and returned to that neighborhood this week. >> reporter: when los angeles was seized by chaos and violence 20 years ago, the city's deep divisions were brutally exposed. >> where's your human dignity? >> reporter: a helicopter watched overhead as white truck driver reginald denny was pulled from his cab and beaten. a radio reporter was standing nearby. >> still bleeding all over the place, trying to get back into his truck. >> reporter: charlie beck, then a police sergeant, had just arrived home from work. >> it was almost 7:00 at night, reginald denny was being dragged out of his truck. no police cars were responding. >> reporter: denny managed to pull himself into his truck and drive away, passing lawrence toliver's barbershop. you thought he was a redhead? >> i thought he was a redhead because of all the blood that was all over his face and all over his hair. >> reporter: toliver wondered where the police had gone. >> they were just standing back. >> reporter: beck, now l.a.'s chief of police, said the force was caught unprepared. >> driving
john blackstone covered the riots in 1992 and returned to that neighborhood this week. >> reporter: when los angeles was seized by chaos and violence 20 years ago, the city's deep divisions were brutally exposed. >> where's your human dignity? >> reporter: a helicopter watched overhead as white truck driver reginald denny was pulled from his cab and beaten. a radio reporter was standing nearby. >> still bleeding all over the place, trying to get back into his truck....
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Sep 29, 2012
09/12
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KPIX
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at least 50 people have been killed in protests linked to the otlm, so we asked john blackstone to tell us more about the man and his motives. >> reporter: on the set of his fontroversial movie, the mysterious filmmaker called himself sam bacile. saosecutors knew him as nakoula nakoula, convicted of check fraud in 2010. in court yesterday he identified himself as mark basselly youseff this man of many names is now under arrest for violating his probation for check fraud which included not using aliases or the internet. he's described by those who have met him as a coptic christian, originally from egypt. where he got the money to finance the movie isn't known. ot's not even clear there is a movie beyond a 14-minute trailer bested on youtube. he lied to thosee hired for the amateurish production, actress lily dionne says she saw only portions of the script with no mention of mommed. >> you kind of got the feeling that something was amiss but, you know, you're just a nobody actor. nu can't like, say, "hey, you have to give me the script." the trailer drew little attention after it was pos
at least 50 people have been killed in protests linked to the otlm, so we asked john blackstone to tell us more about the man and his motives. >> reporter: on the set of his fontroversial movie, the mysterious filmmaker called himself sam bacile. saosecutors knew him as nakoula nakoula, convicted of check fraud in 2010. in court yesterday he identified himself as mark basselly youseff this man of many names is now under arrest for violating his probation for check fraud which included not...
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Jun 15, 2012
06/12
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. >> i guess according to our friends, biomet owned by blackstone put out earnings during the day -- >> guys, i have to break in. forgive us. we have rajat gupta emerging from the courthouse in the wake of that guilty verdict. rajat gupta found guilty of four counts of insider trading. bertha coombs with us at that federal courthouse in manhattan. bertha. >> reporter: simon, as a reminder he was found guilty of one charge of conspiracy, three counts of tipping off his colleague raj rajaratnam when it came to sensitive issues he had learned as a board member on goldman sachs. galleon fund trading on sensitive issue by investment warren buffett in 2008, two counts of that, found guilty of those. also on a third count involving tipping off raj rajaratnam gold man with a loss as a public company. a big witness for the government, did tell the jury it was board policy not to discuss board discussions. so that is something that clearly was very powerful for this jury. we'll see if the attorney will make a statement. during closing arguments he got very, very emotional, simon. apparently on
. >> i guess according to our friends, biomet owned by blackstone put out earnings during the day -- >> guys, i have to break in. forgive us. we have rajat gupta emerging from the courthouse in the wake of that guilty verdict. rajat gupta found guilty of four counts of insider trading. bertha coombs with us at that federal courthouse in manhattan. bertha. >> reporter: simon, as a reminder he was found guilty of one charge of conspiracy, three counts of tipping off his...
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849
May 25, 2012
05/12
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FOXNEWSW
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i mean, blackstone, you've mentioned this before. big fundraisers. >> yesterday in "the new york times" did a big piece about blackstone and they were upset at the president. they're saying look, we had this big fundraiser and the same week that we're holding a fundraiser, i don't know how many thousands of dollars a plate. >> $36,000 per plate. >> per plate to come to this private equity fundraiser on the same week you're also going then attacking what bain capital is doing and they said at the meeting, they were like at dinner, they were uncomfortable. they said couldn't you have waited a week? >> this is complicated. this is a complicated strategy for the president particularly now with the revelation that federico pena himself is part of private equity because that's what private equity does. they hope to have success. and they hope to grow companies and add jobs but often, they have failures. that's the risk of private equity where they have to lose jobs and close down some companies. that's how it exists. those are how you play
i mean, blackstone, you've mentioned this before. big fundraisers. >> yesterday in "the new york times" did a big piece about blackstone and they were upset at the president. they're saying look, we had this big fundraiser and the same week that we're holding a fundraiser, i don't know how many thousands of dollars a plate. >> $36,000 per plate. >> per plate to come to this private equity fundraiser on the same week you're also going then attacking what bain capital...
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220
May 31, 2012
05/12
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CNBC
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if you go back to the two most recent big ipos, gm and blackstone, both ipos dropped by double digit percentages a year after their ipo date. in terms of the facebook offering, again, we looked at some numbers looking how expectations were for eastbound traffic ebitda and revenues six years out from the ipo date compare today what google's actuals were. look at the numbers, i think facebook had a compounded 30% ebitda growth rate going out to 2017 compared to about a 70% actual growth rate for google from the date of ipo in 2004 to about 2009. >> rich, stay with us. we have breaking news. let's go live to steve liesman for an important piece of information. steve. >> simon, thanks very much. just got off the phone with a spokesperson for the imf who is playing down this story of talks of financial aid or discussions of contingency plans. it's something being done internally at the department, not discussions with spain. and that's the important distinction that the spokesperson was making with me. this person described the contingency planning as a normal part of fund business and sa
if you go back to the two most recent big ipos, gm and blackstone, both ipos dropped by double digit percentages a year after their ipo date. in terms of the facebook offering, again, we looked at some numbers looking how expectations were for eastbound traffic ebitda and revenues six years out from the ipo date compare today what google's actuals were. look at the numbers, i think facebook had a compounded 30% ebitda growth rate going out to 2017 compared to about a 70% actual growth rate for...
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Dec 27, 2012
12/12
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FBC
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blackstone backed sea world entertainment is filing for initial ipo that could raise 100 million dollars. the company intends to trade under the symbol of seas. ford is investing 773 million dollars in new equipment and expansion across six u.s. manufacturing plants in southeast michigan. the latest move is part of its commitment to invest 6.2 billion dollars in u.s. plants by 2015. and mexico's largest airline ordering six 787 dreamliners from boeing with confirmation rights for four additional aircraft. the order is worth more than 1.4 billion dollars. and thousands of workers at 15 east coast ports are still threatening to strike if new deal on wages and container royalties is not reached. the white house says it is monitoring the situation and urges both parties to reach a deal quickly. and that is today's speed read. shibani: that's how it's done. david: that's how it's done. shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20%
blackstone backed sea world entertainment is filing for initial ipo that could raise 100 million dollars. the company intends to trade under the symbol of seas. ford is investing 773 million dollars in new equipment and expansion across six u.s. manufacturing plants in southeast michigan. the latest move is part of its commitment to invest 6.2 billion dollars in u.s. plants by 2015. and mexico's largest airline ordering six 787 dreamliners from boeing with confirmation rights for four...